Several obligations definition

Several obligations. Any transaction carried out by any of the appointees pursuant to its appointment under Clauses 3.1 to 3.5, as applicable, or by any of the delegates under Clause 3.6 of such appointee (other than a purchase of any Hong Kong Offer Shares by such appointee as principal and any stabilisation activity) shall constitute a transaction carried out at the request of and for the Company and not on account of or for any of the other appointees under Clauses 3.1 to 3.5 or their respective delegates under Clause 3.6. None of the appointees under Clauses 3.1 to 3.5 will be liable for any failure on the part of any of the other appointees to perform their respective obligations under this Agreement and no such failure shall affect the right of any of the other appointees to enforce the terms of this Agreement. Notwithstanding the foregoing, each of the appointees under Clauses 3.1 to 3.5 shall be entitled to enforce any or all of its rights under this Agreement either alone or jointly with the other appointees.
Several obligations. Any transaction carried out by any of the appointees pursuant to its appointment under Clauses 3.1 to 3.8, as applicable, or by any of the delegates under Clause 3.9 of such appointee (other than a purchase of any Hong Kong Offer Shares by such appointee as principal and any stabilisation activity) shall constitute a transaction carried out at the request of and for the Company and not on account of or for any of the other appointees under Clauses 3.1 to 3.8 or their respective delegates under Clause 3.9. The obligations of the appointees hereunder are several (and not joint or joint and several). None of the appointees under Clauses 3.1 to 3.8 will be liable for any failure on the part of any of the other appointees to perform their respective obligations under this Agreement and no such failure shall affect the right of any of the other appointees to enforce the terms of this Agreement. Notwithstanding the foregoing, each of the appointees under Clauses 3.1 to 3.8 shall be entitled to enforce any or all of its rights under this Agreement either alone or jointly with the other appointees.
Several obligations. Any transaction carried out by any of the appointees pursuant to its appointment under Clauses 3.1 to 3.2, as applicable, or by any of the delegates under Clause 3.5 of such appointee shall constitute a transaction carried out at the request of and for the Company and not on account of or for any of the other appointees under Clauses 3.1 to 3.2 or their respective delegates under Clause 3.5. None of the appointees under ▇▇▇▇▇▇▇ 3.1 to 3.2 will be liable for any failure on the part of any of the other appointees to perform their respective obligations under this Agreement and no such failure shall affect the right of any of the other appointees to enforce the terms of this Agreement. Notwithstanding the foregoing, each of the appointees under Clauses 3.1 to 3.2 shall be entitled to enforce any or all of its rights under this Agreement either alone or jointly with the other appointees.

Examples of Several obligations in a sentence

  • The representations and warranties of each of the Shareholders in Article III above concerning the transaction are the Several obligations of the Shareholders.

  • The representations and warranties of the Sellers in SECTION 4 above concerning Target are examples of Joint and Several obligations.

  • The covenants of each of the Sellers in Section 2(a) above concerning the sale of his or her Shares to the Buyer and the representations and warranties of each of the Sellers in Section 3(a) above concerning the transaction are the Several obligations of the Sellers.

  • Several obligations: The obligations of the Sellers under this Term Sheet are several and in proportion to each Comet Ridge Party's sale percentage (the Sale Percentage) as set out in Schedule 2 to this Term Sheet.

  • The covenants of each of Sellers in Section 2(a) above concerning the sale of his Shares to Buyer and the representations and warranties of each of Sellers in Section 3(a) above concerning the transaction are the Several obligations of Sellers.

  • The covenants of each of Sellers in Sections 2(A) and 6(h) above concerning the sale of his Shares to Buyer and the representations and warranties of each of the Sellers in Section 3(a) above concerning the transaction are the Several obligations of the Sellers.

  • The representations and warranties of the Sellers in Section 4 above concerning Target are examples of Joint and Several obligations.

  • The representations and warranties of the Sellers in SECTION 4 above concerning Infinity are examples of Joint and Several obligations.

  • The representations and warranties of the Principals in Section 4 above concerning CFT are examples of Joint and Several obligations.

  • The representations, warranties, and covenants in this Agreement are "Joint and Several" obligations.


More Definitions of Several obligations

Several obligations has the meaning set forth in Section 7.2(b).
Several obligations means (a) the payment of Rent and related reporting requirements required by this Lease, (b) the payment of taxes and Impositions, (c) the indemnity obligations contained in Article VII of this Lease to the extent attributable to a single Unit, (d) the surrender or holdover of an individual Unit under Article XIII of this Lease, (e) casualty or condemnation affecting a single Unit under Article XVII or XVIII of this Lease, (f) transfers by owners of a single Unit under this Lease, (g) violation of any applicable laws to the extent attributable to a single Unit, or (h) liability for liquidated damages under this Lease, all of which shall be the several (and not joint) obligations of each Owner.
Several obligations. The obligations of the ACT Parties hereunder shall be several and not joint. The obligations of the Plaintiffs hereunder shall be several.
Several obligations. With respect to any representation, warranty, agreement, covenant or undertaking in this Agreement made by one or more Stockholders, any Stockholder making any such representation, warranty, agreement, covenant or undertaking is doing so only as to itself or himself and it or he shall have no liability hereunder in the event of a breach thereof by any other Stockholder.

Related to Several obligations

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.